General Dynamics Corporation (NYSE:GD) Shares Sold by Tradewinds LLC.

Tradewinds LLC. reduced its holdings in General Dynamics Corporation (NYSE:GD) by 90.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,155 shares of the aerospace company’s stock after selling 19,556 shares during the quarter. Tradewinds LLC.’s holdings in General Dynamics were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. GAMMA Investing LLC increased its stake in General Dynamics by 34,578.2% during the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company’s stock worth $339,253,000 after acquiring an additional 1,241,011 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth about $279,582,000. Raymond James Financial Inc. acquired a new stake in General Dynamics during the fourth quarter worth about $197,238,000. Vanguard Group Inc. increased its stake in General Dynamics by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock worth $6,265,813,000 after acquiring an additional 706,317 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in General Dynamics by 7.4% during the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company’s stock worth $1,774,381,000 after acquiring an additional 463,497 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.0%

Shares of GD opened at $294.00 on Friday. The company has a market capitalization of $78.91 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.98 and a beta of 0.46. General Dynamics Corporation has a one year low of $239.20 and a one year high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34. The stock has a 50-day moving average price of $278.76 and a 200 day moving average price of $268.09.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. General Dynamics’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 earnings per share. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics’s dividend payout ratio is presently 41.61%.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at $217,898,829.91. This trade represents a 18.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup dropped their price target on General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Morgan Stanley lowered their target price on General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Susquehanna increased their target price on General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research note on Wednesday, April 2nd. UBS Group increased their target price on General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Finally, Argus set a $295.00 target price on General Dynamics in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $290.24.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.